Cryptocurrency Collapse: Money, Scams and Capitalism

On today's episode Brian Becker and Prof. Richard Wolff discuss how FTX, which was among the largest cryptocurrency exchanges in the world, has collapsed in one of the most spectacular corporate bankruptcies ever. In other tech-related industries too, mass layoffs continue to gather pace. The boom-bust cycle of capitalism is once again on full display. Professor Richard Wolff is an author & co-founder of the organization Democracy at Work. You can find his work at rdwolff.com. Please make an urgently-needed contribution to The Socialist Program by joining our Patreon community at patreon.com/thesocialistprogram. We rely on the generous support of our listeners to keep bringing you consistent, high-quality shows. All Patreon donors of $5 a month or more are invited to join the monthly Q&A seminar with Brian.